Announcement of postponement just before listing of Alibaba-affiliated Ant shares November 4, 5:53
Ant Group, which operates smartphone payment services under the umbrella of Alibaba Group, the largest online shopping company in China, hastened to postpone the listing of shares on the Shanghai and Hong Kong stock exchanges, which it had planned to do on the 5th. I announced that.
Regarding the reason, "Ant Group" says that there was a possibility that listing could not be approved, such as Mr. Jack Ma, the founder of Alibaba Group, receiving guidance from the authorities.
Under the umbrella of China's largest online shopping company, Alibaba Group, Ant Group, which operates smartphone payment services such as Alipay, will hold shares on the stock exchanges in Shanghai and Hong Kong on the 3rd. Announced that the listing will be postponed.
Regarding the reason, the company may not be allowed to list, as Mr. Jack Ma, the founder of Alibaba Group and who has substantial management rights of Ant Group, and company executives are called by the Chinese financial authorities and receive guidance. It is said that it was because of sex.
Financial authorities have also announced that they have provided guidance on the 2nd.
The listing was expected to raise more than $ 34 billion in funds, amounting to approximately 3.6 trillion yen in Japanese yen, making it the largest ever initial public offering.
The number of users of Alipay operated by Ant Group is said to exceed 1 billion, mainly in China, and the group also provides a wide range of financial services such as small loans and insurance.
Although it has not disclosed when it will be listed, the Ant Group states that it "apologizes to investors and responds in accordance with the rules of the stock exchange."